RATH Aktiengesellschaft
RATH Aktiengesellschaft, together with its subsidiaries, produces and sells refractory materials for industrial customers and commercial enterprises in Austria, Germany, Hungary, the United States, and internationally. The company offers oxide ceramic continuous fibers under the ALTRA FLEX brand; dense bricks, such as acid-resistant bricks, firebricks, high-alumina fireclay bricks, high-alumina b… Read more
RATH Aktiengesellschaft (RAT) - Net Assets
Latest net assets as of December 2024: €53.92 Million EUR
Based on the latest financial reports, RATH Aktiengesellschaft (RAT) has net assets worth €53.92 Million EUR as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€124.58 Million) and total liabilities (€70.66 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €53.92 Million |
| % of Total Assets | 43.28% |
| Annual Growth Rate | 3.41% |
| 5-Year Change | 13.93% |
| 10-Year Change | N/A |
| Growth Volatility | 5.53 |
RATH Aktiengesellschaft - Net Assets Trend (2015–2024)
This chart illustrates how RATH Aktiengesellschaft's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for RATH Aktiengesellschaft (2015–2024)
The table below shows the annual net assets of RATH Aktiengesellschaft from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €53.92 Million | -5.78% |
| 2023-12-31 | €57.23 Million | +3.91% |
| 2022-12-31 | €55.08 Million | +8.21% |
| 2021-12-31 | €50.90 Million | +7.53% |
| 2020-12-31 | €47.33 Million | -5.79% |
| 2019-12-31 | €50.24 Million | +3.90% |
| 2018-12-31 | €48.35 Million | +9.91% |
| 2017-12-31 | €43.99 Million | +2.08% |
| 2016-12-31 | €43.09 Million | +8.05% |
| 2015-12-31 | €39.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RATH Aktiengesellschaft's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 55.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €46.12 Million | 85.53% |
| Other Components | €7.80 Million | 14.47% |
| Total Equity | €53.92 Million | 100.00% |
RATH Aktiengesellschaft Competitors by Market Cap
The table below lists competitors of RATH Aktiengesellschaft ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Eagle High Plantations Tbk
F:7B7
|
$31.04 Million |
|
Risk George Inds A
PINK:RSKIA
|
$31.06 Million |
|
QES Group Bhd
KLSE:0196
|
$31.06 Million |
|
Catering International & Services S.A.
PA:ALCIS
|
$31.07 Million |
|
ESTec Corporation
KQ:069510
|
$31.04 Million |
|
PharmaCorp Rx Inc.
V:PCRX
|
$31.02 Million |
|
Cyberfuels Holding Company Inc.
PINK:CBRF
|
$31.02 Million |
|
Lee Feed Mill Public Company Limited
BK:LEE
|
$31.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RATH Aktiengesellschaft's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 57,225,000 to 53,920,000, a change of -3,305,000 (-5.8%).
- Net loss of 1,392,000 reduced equity.
- Dividend payments of 1,500,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.39 Million | -2.58% |
| Dividends Paid | €1.50 Million | -2.78% |
| Other Changes | €-413.00K | -0.77% |
| Total Change | €- | -5.78% |
Book Value vs Market Value Analysis
This analysis compares RATH Aktiengesellschaft's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.58x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.72x to 0.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €29.32 | €21.00 | x |
| 2018-12-31 | €32.23 | €21.00 | x |
| 2019-12-31 | €33.49 | €21.00 | x |
| 2020-12-31 | €31.55 | €21.00 | x |
| 2021-12-31 | €33.93 | €21.00 | x |
| 2022-12-31 | €36.71 | €21.00 | x |
| 2023-12-31 | €38.15 | €21.00 | x |
| 2024-12-31 | €35.95 | €21.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RATH Aktiengesellschaft utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.25%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 2.31x
- Recent ROE (-2.58%) is below the historical average (6.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 10.32% | 5.02% | 1.01x | 2.03x | €128.30K |
| 2016 | 9.15% | 4.91% | 0.94x | 1.97x | €-364.90K |
| 2017 | 5.39% | 2.75% | 0.88x | 2.24x | €-2.03 Million |
| 2018 | 12.13% | 6.21% | 0.89x | 2.21x | €1.03 Million |
| 2019 | 7.38% | 3.70% | 0.95x | 2.09x | €-1.32 Million |
| 2020 | -5.25% | -2.88% | 0.81x | 2.25x | €-7.22 Million |
| 2021 | 8.48% | 4.41% | 0.86x | 2.24x | €-775.20K |
| 2022 | 7.67% | 3.59% | 0.90x | 2.37x | €-1.29 Million |
| 2023 | 9.30% | 4.37% | 0.91x | 2.34x | €-398.50K |
| 2024 | -2.58% | -1.25% | 0.89x | 2.31x | €-6.78 Million |
Industry Comparison
This section compares RATH Aktiengesellschaft's net assets metrics with peer companies in the Building Products & Equipment industry.
No peer company data available for comparison.